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Showing 821 - 830 of 1609 results for "Investigation"

ASIC bans Perth adviser

DARREN SNYDER  |  FRIDAY, 23 FEB 2018
ASIC banned a Perth-based financial adviser for five years following an investigation as part of the regulator's life insurance lapse data project. Philip Leake is banned from providing financial services for five years after failing to act in his clients' ...

Former Charter adviser receives permanent ban

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
... in fees. ASIC has banned Brenton John Poynter of Baulkham Hills in NSW from providing financial services after an investigation found he dishonestly deducted money from clients' investment accounts and directed clients to make payments directly into ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... clients or make reasonable enquiries as to their objectives and needs. Real Wealth also didn't conduct adequate investigation into financial products; often resulting in the use of a single fund the firm had a relationship with, HUB24. Further, clients ...

Credit Suisse under investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
Credit Suisse is being questioned over its hiring practices in Asia Pacific. Credit Suisse disclosed it is "responding to requests" from governmental and regulatory authorities in regards to potential violations of the US' Foreign Corrupt Practices ...

Colonial First State awards $385m mandate

ALEX BURKE  |  FRIDAY, 9 FEB 2018
... legal, compliance, risk, governance and legal entity management. He was most recently the global head of incident and investigation management. It also includes Stefan Kreuzkamp (chief investment officer and co-head, investment group), Pierre Cherki ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
... fined the companies' director, Joshua Fuoco, to pay a penalty of $650,000 for his involvement following an ASIC investigation that alleged the firms provided conflicted advice and breached its best interest obligations on several instances since December ...

ASIC shines spotlight on insurance advice

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
... ASIC did say there were a number of 'failed' files where an adviser demonstrated they had conducted a reasonable investigation into the customer's relevant circumstances and formulated an appropriate strategy, including suitable levels of insurance cover. ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... it calculated customers' potential financial loss. Of the 16 high-risk advisers, the said five required further investigation. In KordaMentha's fourth report, CBA said it confirms the licensees correctly identified that customers of the five advisers ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... representative of Centra Wealth between 2 July 2014 and 11 January 2016, was not of good fame or character. The investigation determined Alafaci acted in his own self-interest and engaged in conduct at the expense of Centra, causing the dealer group ...

Adviser banned over theft from deceased estate

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
... permanently banned Robert Pryor Smith of South Australia's West Lakes, deeming him to not be of good fame or character. An investigation by ASIC found that Smith transferred a total of $278,042.58 to bank accounts held in his name from the bank account ...